Elon Musk AI project-inspired memecoin ‘Grok’ falls 74% on creator scam claim
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project.
In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were repurposed from old projects, including an abandoned memecoin project called ANDY, which has significantly declined from its all-time high.
src:cointelegraph.com/news/elon-musk-ai-memecoin-grok-falls-creator-scam-claim
Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data 😃
Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $114 million, several sets of on-chain data show.
A suspected hack was flagged at around 10:55 UTC by blockchain security firms PeckShield and Cyvers. Poloniex announced 12 minutes later that the exchange's wallet had been disabled for maintenance. The hack was later confirmed by Poloniex investor Justin Sun in a tweet.
src: www.coindesk.com/business/2023/11/10/poloniex-hot-wallets-hacked-65m-seemingly-stolen-on-chain-data/
Hey @stani
tl:dr What happens if someone sell his lens handle can he log in on lens with its old lens profile nft? Will the old profile handle nft will have any relevance?
My question in detail is If my handle name is @123 and i sell my new lens handle on open sea but no my old lens profile nft will i be able to login on any lens app with my old lens profile nft? and if i sell my my old lens profile nft can i login with new one . OR are these 2 nft are linked like if one nft move from one wallet the other will follow the same??
SEC says SafeMoon executives withdrew $200 million from crypto project to spend on McLarens and luxury homes
The company behind SafeMoon promised astronomical returns, but instead the cryptocurrency imploded mid-flight. And now those behind the controls are facing the consequences.
In a Wednesday complaint, the Securities and Exchange Commission charged the company behind the coin, SafeMoon LLC, along with creator Kyle Nagy, CEO John Karony, and CTO Thomas Smith, with violating securities laws in “a massive fraudulent scheme.”
The Department of Justice brought parallel charges against the trio, hitting them with three counts each of conspiring to commit securities fraud, wire fraud, and money laundering. Karony and Smith were arrested Wednesday, but Nagy is still at large, according to the DOJ.
src: fortune.com/crypto/2023/11/01/sec-allegations-safemoon-200-million-mcclarens-luxury-homes-travel/
Ethereum DeFi protocol Hope Lend drained after exploit 😨
Ethereum decentralized finance (DeFi) protocol Hope Lend has next to zero assets left in its protocol after a devastating hack.
According to multiple blockchain security firms, on Oct. 18, two individuals — a frontrunner who beat the original hacker after discovering the exploit and the original hacker themselves — stole a combined 526 Ether (ETH) from Hope Lend, worth $825,357 at the time of publication. “The successful attacker gained 264 ETH and paid a 263 ETH bribe to an ETH validator,” wrote CertiK.
Galxe protocol experiences DNS attack, losses top $150K and still growing
The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (formerly Twitter) that its website was down at 14:44 UTC, confirming 40 minutes later that it had experienced a security breach affecting its Domain Name System (DNS) record. It warned against visiting the domain until the situation was remedied.
At the time of writing, Galxe had not confirmed that its website was safe to use again. After the website was restored, some X posters were reporting that it was blocked by Google.
Crypto detective ZachXBT reported that funds were being stolen from Galxe. The wallet ZachXBT linked to the exploit continued to gather funds after the Galxe website came back online, hovering around $160,000 at 17:15 UTC, according to DeBank.
Apple emergency update fixes new zero-day used to hack iPhones
Apple released emergency security updates to patch a new zero-day security flaw exploited in attacks targeting iPhone and iPad users.
"Apple is aware of a report that this issue may have been actively exploited against versions of iOS before iOS 16.6," the company said in an advisory issued on Wednesday.
The zero-day (CVE-2023-42824) is caused by a weakness discovered in the XNU kernel that enables local attackers to escalate privileges on unpatched iPhones and iPads.
While Apple said it addressed the security issue in iOS 17.0.3 and iPadOS 17.0.3 with improved checks, it has yet to reveal who found and reported the flaw.
Detroit man steals 800 gallons using Bluetooth to hack gas pumps at station
Some gas station owners are falling victim to a sophisticated scam. Scammers are using cellphone's Bluetooth option to hack the pump - and get it for free.
"I wish it would go back to null.99 - it’s almost $4," said Tywanna Coleman. "I get why people are doing it but it’s still not right."
Paying at the pump is for chumps - when you can get gas for free - and illegal, but it didn’t stop a Detroit man from stealing almost 800 gallons of gas at the Shell at Eight Mile and Wyoming.
Rug Pulls, Hacking Attacks, Phishing Scams; Crypto Loses $890M In Q3
In hacking attacks, around 43 hacker attacks occurred, resulting in a collective loss of approximately $540 million. On the other hand, phishing scams, known for their deceptive tactics, inflicted a significant financial blow, accounting for losses amounting to around $66.15 million.
These incidents highlight the persistent efforts of malicious actors to breach Web3’s defenses. In addition, the crypto scams also underscore the need for improved due diligence and security practices within the ecosystem.
